Atlanta - Coca-Cola Enterprises Inc. beat analysts' fourth-quarter expectations, delivering net income of $158 million, compared with a loss in the 2006 quarter of $1.71 billion. Full year 2007 net income rose 8.5% to $711 million.

The largest Coca-Cola bottler said North American fourth-quarter volume growth of 1% was boosted by the addition of Glaceau vitamin water, Campbell's V8 juices and Fuze functional beverages to its portfolio, and the continued growth of Coca-Cola Zero, Dasani and Powerade. For the full year 2008, CCE expects revenue to increase in a high single-digit range, reflecting the positive impact of the full-year distribution of Glaceau, Fuze and Campbell.

North American and European brand initiatives are expected to help create volume growth in a low- to mid-single-digit range. Pricing per case in the U.S will increase in a mid-single-digit range, while cost of goods per case is expected to increase at a low-double-digit rate. In North America, CCE anticipates that core raw-material costs will increase less than in 2007, but will remain above historical averages. In Europe, the bottler projects pricing to increase at a low single digit rate, reflecting a slight increase in cost of goods per case and a moderate commodity cost environment.

Optimistic despite increased input costs, the company's board of directors raised its dividend and said it will resume its stock buyback program.